Cost of Living in Hamburg, IL
Housing
The housing market plays a significant role in determining the cost of living in Hamburg, IL.
- Housing Index: Data is updating
- Median Home Price is: $98,300
- Average Rent (2 BR Apartment): Data is updating
- Average Rent (2 BR House): Data is updating
Analyzing the current housing situation in Hamburg, IL, the low housing index of 0.0 indicates a potentially stagnant market. With a median home price of 98300, purchasing a home might be an affordable option compared to renting, especially as both the average rent for a 2BR apartment (0.0) and house (0.0) remain at zero, suggesting a lack of available rentals. Factors such as property appreciation trends and local amenities should also be considered for long-term living satisfaction.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hamburg, IL.
- Electricity Price: $16.15 USD (median by state)
- Natural Gas Price: $16.59 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): Data is updating
Living in Hamburg, IL could entail higher utility costs. Electricity costs sit at $16.15, while natural gas is priced at $16.59 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about data unavailable monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hamburg is a financially viable option for your relocation.